REPUBLIKA.CO.ID, JAKARTA -- The Institute for Development of Economics and Finance (Indef) highlighted the high rate of job cuts in recent months. Head of the Center of Industry, Trade, and Investment Indef Andry Satrio Nugroho said data from the Ministry of Employment (Ministry of Employment) showed a trend of increasing layoffs from January to June 2024.

“This is a danger signal alarm. where we see the achievement of the workforce that was laid off in January to June this achievement is quite high compared to the previous year. This is what we saw that something went wrong this year,” Andry said during Indef's public discussion titled “Textile Industry is Screaming, PhK Melejit” in Jakarta, Thursday (8/8/2024).

Based on this data, Andry said, the number of layoffs in January-June 2024 reached 32,064 people. That's a pretty significant 21.4 percent increase from the same period last year of 26,400 people.

Andry said many of the layoffs are in industrial hubs. One of them that contributes considerably is the textile and apparel industries.